AYAL Capital Advisors Ltd increased its stake in shares of Enviri Co. (NYSE:NVRI - Free Report) by 145.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 881,924 shares of the company's stock after acquiring an additional 521,924 shares during the period. Enviri comprises 1.8% of AYAL Capital Advisors Ltd's holdings, making the stock its 11th largest position. AYAL Capital Advisors Ltd owned approximately 1.10% of Enviri worth $6,791,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC grew its position in Enviri by 5,438.2% during the fourth quarter. Hsbc Holdings PLC now owns 903,051 shares of the company's stock valued at $6,873,000 after buying an additional 886,745 shares during the period. Mill Road Capital Management LLC raised its position in Enviri by 82.6% in the fourth quarter. Mill Road Capital Management LLC now owns 1,795,131 shares of the company's stock valued at $13,823,000 after purchasing an additional 811,859 shares during the period. Bridgewater Associates LP boosted its position in shares of Enviri by 944.3% during the fourth quarter. Bridgewater Associates LP now owns 612,997 shares of the company's stock worth $4,720,000 after buying an additional 554,300 shares during the period. Invesco Ltd. boosted its position in Enviri by 26.9% in the 4th quarter. Invesco Ltd. now owns 2,126,739 shares of the company's stock valued at $16,376,000 after buying an additional 450,327 shares during the period. Finally, Norges Bank purchased a new stake in shares of Enviri during the fourth quarter worth approximately $2,474,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.
Enviri Stock Up 1.2 %
NYSE NVRI traded up $0.09 during trading on Tuesday, reaching $6.99. 567,578 shares of the company's stock were exchanged, compared to its average volume of 702,404. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25. Enviri Co. has a 1 year low of $4.72 and a 1 year high of $12.79. The stock has a market cap of $560.29 million, a P/E ratio of -4.39 and a beta of 1.79. The company has a 50 day moving average price of $6.28 and a two-hundred day moving average price of $7.52.
Enviri (NYSE:NVRI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $0.03. The firm had revenue of $548.28 million for the quarter, compared to the consensus estimate of $560.00 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The firm's quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) EPS. On average, equities research analysts anticipate that Enviri Co. will post -0.13 EPS for the current fiscal year.
Insiders Place Their Bets
In other Enviri news, CFO Tom George Vadaketh bought 40,297 shares of the business's stock in a transaction dated Friday, March 14th. The shares were acquired at an average price of $6.20 per share, with a total value of $249,841.40. Following the purchase, the chief financial officer now owns 132,431 shares in the company, valued at approximately $821,072.20. The trade was a 43.74 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Russell C. Hochman bought 40,127 shares of the stock in a transaction dated Friday, March 14th. The stock was bought at an average price of $6.27 per share, with a total value of $251,596.29. Following the purchase, the senior vice president now owns 120,357 shares of the company's stock, valued at approximately $754,638.39. This represents a 50.01 % increase in their position. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by insiders.
Enviri Company Profile
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Free Report)
Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.
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